Senior Analyst – RAAR EMEA, Stress Testing and Capital Management Oversight (Methodology and quantitative focus)
Join our Regulatory Affairs and Aggregate Risk (RAAR) team and play a key role in stress testing and the second line oversight of capital management across our EMEA businesses and regulated entities.
The RAAR team in the EMEA region is focused on prudential rule interpretation and risk oversight for local regulated entities (including a UK and European Bank and a number of UK and European Investment and Asset Management Firms), stress testing, capital management oversight, recovery, resolution and wind-down planning, and economic capital assessment for the EMEA non-banking entities in the Macquarie group.
As a member of the team, you will play a key role in managing and coordinating the enterprise-wide stress testing exercises for Macquarie's EMEA regulated entities (including UK and European banking entities, investment firms and asset managers). This involves risk identification and design of stress scenarios, scenario execution in collaboration with Finance and Treasury colleagues and risk specialists, and the analysis of stress testing results. While you will have the opportunity to work across all aspects of stress testing, you will play a leading role in developing, reviewing and challenging methodologies and models used in stress testing, and in the analysis of stress testing results.
Your work on stress testing will cover capital management (i.e. internal capital adequacy assessment processes), Recovery Planning, reverse stress testing, climate risk scenario analysis, and other ad hoc needs (e.g. assessment following a material change in business strategy). You will also have the opportunity to collaborate with liquidity management teams to drive alignment between capital liquidity stress testing exercises.
The role offers plenty of exposure and the opportunity to lead material components of the stress testing framework, as well as the chance to collaborate with stakeholders across the organisation, including Finance, Risk, Treasury, Front Office, senior management and Global teams, including with the Model Risk and Quantitative Analytics team.
To be successful in this role, you will bring the following skills and experience to the team:
- a sound knowledge and experience with stress testing with a focus on methodologies and models used
- experience in credit and counterparty credit exposure and IFRS 9 modelling
- strong excel skills, and ideally a programming language skillset (e.g. VBA / R / Python)
- previous experience with preparing capital management (ICAAP), liquidity management (ILAAP) or Recovery Planning exercises
- familiarity with UK and EU regulatory requirements, stress testing and model risk management
- prior experience in a similar role within a financial institution, consultancy practice or regulatory body
- a quantitative academic background with strong numerical and analytical skills
- an eye for detail, coupled with excellent verbal and written communication skills.
If this sounds like the right opportunity for you to take the next step in your career, please apply today. About the Risk Management Group
The Risk Management Group (RMG) is an independent, centralised unit responsible for ensuring all risk across Macquarie are appropriately assessed and managed. Its divisions include Behavioural Risk, Compliance, Credit, Financial Crime Risk, Internal Audit, Market Risk, Operational Risk, Regulatory Affairs and Aggregate Risk, and RMG Enterprise Support. Our commitment to Diversity and Inclusion
Macquarie understands the importance of diversity and inclusion - our long history of success has come from being different. At Macquarie we value the innovation and creativity that diversity of thought brings. The one thing we all have in common is our focus on high performance. If you're capable, motivated and can deliver, we want you on our team.
Macquarie is an equal opportunities employer and does not discriminate on the grounds of age, disability, sex, sexual orientation, gender reassignment, gender identity, marriage, civil partnership, pregnancy, maternity, race (including colour and ethnic or national origins), religion or belief.
We recognise that flexibility comes in a variety of forms. Talk to us about what flexibility you need.